The competition between two of the world’s biggest technology organisations took a new turn recently as Apple overcame Microsoft to become the biggest technology company in the world. Changes in share price values reveal that Apple is now worth $222bn while Microsoft is valued at $219bn by investors. However, Microsoft still tops the chart in terms of profits as the company recorded an annual net profit of $14.6bn compared to Apple’s $5.7bn.
This recent announcement is not unconnected with the increasing dominance of Apple in the digital technology market with immense successes recorded from the sale of iPods, iPhones and more recently, the iPad, all over the world. With a new version of the iPhone gadget set to be launched next month, the already popular smartphone device may yet receive further increase in sales which can only be a boost for Apple Inc .
Meanwhile, the iPad finally went on sale in the UK, Europe, Australia and Japan following previous delays caused by the unexpected high demand for the gadget in the United States. Already there are reports that demand for the device in these countries are very high and some stores might be running out of stock sooner than expected.
How long can Apple remain the most valuable technology firm in the world?